Today trading was within yesterday's triangle and the lows tested the D constructive break down confirmation on the D interval, which tomorrow stands at 1243.49. Below that at 1231.08 is centi support which is where pivot c-3 is expected to be made if this break down comes tomorrow. Below that at 1215.96 is daily support from the last confirmation on the daily fractal of W-4, with 1203.60 being the target for d-3 if we get a big day down.
If we break down tomorrow more realistic though is the next triangle, with the deci MLU forming the upper resistance., before making d-3.
If not expect an even tighter trading range with a lower high, to deci resistance at 1255.70 (this would be the second 1/4 short entry point with , followed by daily resistance at 1269.98, followed by weekly at 1281.12.
Today has been a volatile day and prices kept within their expected lines.
There is a valid MAP wave count however it really would be pushing things to the limit on more than three parameters, so we are currently still in the wave µ-4 of m-3 of c-1. So expect a low to complete m-3 followed by a bounce and then another low before prices head back up to make c-2 at either location as described above depending on when the breakdown comes.
Sorry but down another 2 fractals from yesterday! We need some waves to close so we can delete their lines from the chart to clean it up a bit!!!!! Target is still the green area shown yesterday, above the dashed green line for c-3 and dashed blue line for c-5 (d-3).